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US SEC chair says agency plans to create new rules for crypto tokens
Paul Atkins, the chair of the Securities and Exchange Commission In...
Markel launches first-of-its-kind affirmative cyber product for collateral war cover
Chris Burgess, Director of Cyber at Markel International,...
Life-threatening infections on the rise due to drug-resistant bacteria, new WHO report reveals
The high levels of resistance to treatment are reported in bacteria frequently causing bloodstream infections in hospitals the Global Antimicrobial Resistance and Use Surveillance System (GLASS) report states, based on 2020 data from 87 countries UN: Over 50 per cent...
UK sets out post-Brexit ‘reforms’ for banks, financial sector
The reform plans aim to make substantial legislative progress over the course of 2023 on repealing and replacing EU-era Solvency II –- the rules governing insurers' balance sheets which are expected to unlock over GBP 100 billion of private investment for productive...
Swiss Re proposes new members to join its Board of Directors
Swiss Re's Chairman of the Board of Directors Sergio P. Ermotti said: "We are delighted to attract two outstanding professionals for election to our Board of Directors. Vanessa Lau and Pia Tischhauser bring strong expertise in financial services and proven strategic...
Security arrangements in place to secure India’s nuclear power plant systems from cyber-attack
Several measures have been taken to strengthen Information Security in administrative networks in nuclear power plants like, hardening of internet and administrative intranet connectivity, restriction on removable media, blocking of websites & IPs. New Delhi;...
World Bank seeks to unclog Cat Bond jam in emerging markets
“Most of our transactions today have been either earthquake or hurricane,” said Bennett, referring to insured risks. “I think that will continue to be the largest, but certainly people are thinking about things like drought and flooding” Michael Bennett, head of...
More than 1 in 5 worldwide suffering from violence at work: ILO
The most common reasons given for non-disclosure were that it was seen as a "waste of time", leaving people who have been abused, fearing for their reputation. Women were more likely to share their experiences than men (60.7 per cent compared to 50.1 per cent) UN:...
Cryptoverse: Forget crypto winter, this is a bitcoin ‘bloodbath’
It's been a brutal year for investors. Bitcoin's price has dropped 63%, while the overall cryptocurrency market capitalization has lost $1.63 trillion in value. The collapse of Sam Bankman-Fried's FTX exchange hammered a long nail into the market. "I'm nearly...
Oil tankers blocked near Turkey by proof-of-insurance rule
The measure, which came into force on Friday, compels ships carrying crude oil to have a letter from their insurer guaranteeing cover while in Turkey’s waters. Oil shipments from Russia and Kazakhstan are getting ensnared in a Turkish government rule to provide proof...
South Korea’s only reinsurer announces to drop new coal, but with loopholes
Asia’s second-largest reinsurance company, Korean Re, will no longer be providing reinsurance 1 for new coal mining or power plant construction from next month. Over 60 percent of the global reinsurance market, including reinsurers such as Hannover Re and Swiss Re,...
Europe sets Russian Oil at $60 a Barrel: What changes now
The UK and EU will also introduce a ban on maritime services for the transport of Russian oil, including to third countries. The list of banned services includes insurance, brokerage and crucially the EU-based tanker fleet including ships owned in Greece and Cyprus....